USD Index Monthly and WeeklyUSD index likely to continue down into the MARCH lows, as it is now trading below the first quarterly level (Yellow)
But in the short-term, there could be a minor counter-trend move upwards, depending what side of the Weekly level the Index is trading
EURO Monthly and Weekly
My view was that the Euro would remain above the Weekly level @ 1.3766 and continue towards the highs.
That could still happen early next week, if above 1.3757, but it's having a hard time getting above the 3-year 50% level @ 1.3766
That means we could see see the trend move back down into the Weekly 50% level & support.
Note:- we can see the shift in the 3-month 50% levels in MARCH, towards a lower secondary support zone around 1.3496
AUD monthly and Weekly
Trend moving upwards, and my overall view is for the price to reach the yearly highs @ 1.06 during 2011.
However, I'm not sure that next week will continue to trend upwards....
or whether the Weekly highs & the single monthly high @ 1.0262 stalls the market from rising.
Any longer term view is optimised with 12 hour patterns within the 5-day range.
